Equity
€176,048 ▲ 34.6%
MTL Technics has made a profit without a break since 2023.
MTL Technics
Lifetime
9 annual accounts with figures on one time axispeak €273,893 (2026)
€273,893▲ 44.2%
lowest -€24,330 (2022)
€45,282▲ 502%
peak €176,048 (2026)
€176,048▲ 34.6%
€104,195▲ 16.0%
peak 5 FTE (2021)
-not published
Board2 names since 2017
2 directors and 1 other
Documentsfilings and deeds
31-10-2026on the last day
2026micro format
Gross margin from €189,910 to €273,893Result from €7,527 to €45,282Equity from €130,766 to €176,048Debts from €89,848 to €104,195Cash from €64,687 to €18,963
Key points
from the 2026 annual accountsTurnover
≈ €690,000 estimated
The micro format states no turnover.
Staff
2.9 FTE from 5 in 2021
Between 2021 and 2026, 42% of the full-time equivalents disappeared.
Filings
9 annual accounts 3 late
The 2022 accounts came latest: 29 days after the end of the period.
Starting capital
€18,600 186 shares
Position in the sector
€45,282
Higher net result than 81% of companies in specialised construction. Sector median €11,797 · 1,264 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 26,973 companies had the same profile as MTL Technics has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.5%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,973 companies, not a prediction for MTL Technics. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director
Director
- 185 sharesdeed of 23-03-2017
- 1 sharedeed of 23-03-2017
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0672879102
Amendment of the articles · Legal-form change · Resignations & appointments
Appointment: (statutory director) · Resignation: (director) · Reappointment: (director) · General meeting of 09-01-2024 · Gazette deed
Incorporation
Founding capital of €18,600, 186 shares, €6,200 paid up · Founders: and · Appointments: (statutory manager) and (manager) · published on 23-03-2017 · Gazette deed
First establishment
Torhoutse Steenweg 469, Bruges
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MTL Technics Bruges | €280,243 | €273,893 | 62.8% | - |
| O SERVICES GROUP Brussels | €235,873 | €308,153 | 51.3% | - |
| BONNY SERVICES Knokke-Heist | €237,743 | €237,002 | 14.9% | - |
| DIETER DESCAMPS Ypres | €398,127 | €280,251 | 4.7% | - |
| SANITOM Aalter | €276,065 | €187,578 | 17.1% | - |
| Bulteel Oudenaarde | €380,603 | €267,884 | 54.6% | - |
| RIVULUS Beerse | €332,598 | €199,670 | 35.1% | - |
These companies have the same main activity as MTL Technics: plumbing work (NACE 43221). They are comparable in size and age: total assets between €236,000 and €398,000, founded between 2014 and 2018.
Official details
Source: KBO- Status
- Active since 21-03-2017Normal situation
- Activity
- Plumbing workNACE 43221and 1 other
- Joint committees
- 200Auxiliary committee for white-collar workers
- 124Construction · annual accounts 31-03-2023
- Establishment unit
- 2.262.914.5828200 Bruges, since 21-03-2017
- Financial year end
- 31 March
- Peppol
- Reachable since 21-10-2026
Annual accounts to 31-03-2026
- €280,243▲ 27.0%
- Employeeson 31-03-2026
- 4▲ 33.3%
- Filing
- Filed on 31-10-2026, on the last day of the filing period
Insights on MTL Technics
MTL Technics files the micro format. That format states no turnover. The gross margin rose from €83,495 in 2018 to €273,893 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MTL Technics
- What is the company number of MTL Technics?
- The company number of MTL Technics is 0672.879.102. The VAT number is the same number with BE in front: BE 0672.879.102.
- Where is MTL Technics based?
- The registered office is at Torhoutse Steenweg 469, 8200 Bruges.Company details
- What does MTL Technics do?
- According to the KBO register, the main activity is plumbing work (NACE 43221).
- What is the legal form of MTL Technics?
- MTL Technics is a private limited company (BV).
- When was MTL Technics founded?
- MTL Technics was founded on 21-03-2017.
- Is MTL Technics still active?
- Yes, MTL Technics is an active enterprise in the KBO register.
- How many employees does MTL Technics have?
- MTL Technics had an average of 2.9 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does MTL Technics fall under?
- In its 31-03-2023 annual accounts, MTL Technics states joint committees 200 (Auxiliary committee for white-collar workers) and 124 (Construction).
- What is the turnover of MTL Technics?
- The turnover in financial year 2026 is ≈ €690,000. This figure is estimated from the gross margin of €273,893 and 35 comparable companies (NACE 432). It probably lies between €560,000 and €890,000.
- Is MTL Technics profitable?
- In financial year 2026, MTL Technics made a profit of €45,282.
- Where can I find the annual accounts of MTL Technics?
- MTL Technics filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of MTL Technics due?
- MTL Technics must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
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